Business
Pega and Moody’s Collaborate to Streamline Customer Lifecycle Management and KYC Processes for Financial Services
Banks can now tap into Moody’s entity verification directly in Pega CLM and KYC WALTHAM, Mass.--(BUSINESS WIRE)-- Pegasystems, Inc. (NASDAQ: PEGA), The
About this update from Pegasystems Inc.
[{"type":"text","content":"\nBanks can now tap into Moody’s entity verification directly in Pega CLM and KYC\n\n WALTHAM, Mass.--(BUSINESS WIRE)--\nPegasystems, Inc. (NASDAQ: PEGA), The Enterprise Transformation Company™, today announced a strategic collaboration with Moody’s Corporation (NYSE:MCO) to enhance customer lifecycle management (CLM) and Know Your Customer (KYC) processes for financial services organizations. Now Pega Client Lifecycle Management™ clients can access Moody’s industry-leading entity verification data directly in the solution for improved operational efficiency, accuracy, and compliance. This enables Pega clients to further reduce onboarding time by up to an estimated 30% and decrease data entry errors by as much as 40%. (1)\n\nPega’s AI-powered agentic CLM and KYC workflows coupled with Moody’s real-time entity data offers an enriched customer experience, accelerated onboarding, and more efficient and powerful risk management processes. This gives Pega clients single-source access to a network of commercial registers and financial authorities from more than 200 countries, with curated details on over 600 million global companies and a comprehensive risk database.\n\nUsed by many of the leading global financial institutions, Pega CLM and KYC transforms client relationships by streamlining onboarding, due diligence, maintenance, and offboarding processes. With its market-leading rules engine, Pega operates across multiple jurisdictions and lines of business to help ensure compliance with global and local regulations. Clients can realize reduced compliance costs, increased operational efficiencies, and improved customer experiences.\n\nMoody’s provides data, insights, and innovative technologies to help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive.\n\nQuotes & Commentary:\n\n“Partnering with Pega means banks and other financial institutions can embed Moody’s deep insights on entity ownership into their dynamic CLM and KYC frameworks,” said Ana Meauta, managing director, channel sales partnerships, Moody’s. “This collaboration creates a robust solution that can underpin due diligence...